Industrial Shredder Machine Market 2021 Global Analysis and Research February 2017 | Página 2

Further, the report states that one challenge in the market is the fall in commodity prices reducing demand for scrap. Drop in price of metals such as steel, iron ore, and others has significantly resulted in the price fall for scrap metals as well. This is downsizing the demand for scrap metals. This has resulted in large-scale stockpiling of cars at junkyards, stalling the overall auto-shredding industry in the US. This has negatively impacted its contribution to the national economy. This is because the US scrap industry is worth more than $100 billion per annum, and contributes significantly to the country's overall economy. About Us: ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.